GrabTaxi, a Singapore-based smartphone taxi booking platform, raised $15m in Series B funding.
The round was led by GGV Capital with participation from Qunar and existing investor Vertex Venture Holdings. In conjunction with the funding, GGV Capital managing partner Jixun Foo will join GrabTaxi’s board of directors.
The company is using the funds to retain its workforce and expadn operations.
Led by CEO Anthony Tan, GrabTaxi is an automated location based smartphone booking and dispatch platform for the taxi industry in South East Asia. It is present in Malaysia (MyTeksi), the Philippines, Thailand, Vietnam and Singapore.
FinSMEs
30/05/2014